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The maker of the world’s most expensive mobile phones has conceded that its
handsets, which can cost nearly £170,000 each, need to work as well as they
look after years of relying on an outdated operating system.

Vertu, which is launching a new touchscreen model — a snip at €8,000 (£6,750)
— has admitted that the company made a “mistake” in deriding its critics in
the technology industry.

Massimiliano Pogliani, the former Nestlé executive who took over as chief
executive of Vertu a year ago, said: “The problem was we sold a nice cover
for a lousy thing.”